2435 9th St - Apartments FOR SALE


Berkeley, CA 94710- Southwest Berkeley
$1,800,000 USD
510-336-4721
2435 9th St, Berkeley, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/20
null | 6.4% Cap Rate

2435 9th St
Berkeley, CA 94710
Southwest Berkeley


OVERVIEW

NAI Northern California is proud to present 2435 Ninth Street in Southwest Berkeley, a high cashflow asset day one with significant rental upside. The property consists of one 3-Bed 1-Bath, one split level 1-bed 1-bath unit and four split level 2-bed 1-bath units with private balconies and shared communal space. The property is separately metered for gas and electric. The building underwent a full seismic retrofit, along with recent roof and unit upgrades. This is a unique opportunity for an investor to capture a low maintenance property with opportunity to increase cash-flow. The subject property is located on 9th Street, just four blocks away from Berkeley Bowl and Emeryville. Tenants benefit from easy freeway access to 580 Freeway to commute to SF, the North Bay and Downtown Oakland. West Berkeley's upscale 4th Street shopping is within close proximity, offering numerous dining and retail options. Boasting a Bike Score of 94 and a walk score of 93, this location is ideal for accessing the myriad of local businesses easily accessible in West Berkeley and Emeryville.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

6

PRICE/UNIT

$300,000

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

R-1A, Berkeley

APN/PARCEL ID

056-1935-025-00

ASK ABOUT THIS PROPERTY

Grant ChappellNAI GlobalMore Info
510-336-4721

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Grant ChappellNAI GlobalMore Info
510-336-4721

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.